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RE: THANK YOU to @coininstant for Being Awesome & Helping get the Hive.Loans Project an Extremely Sexy New URL/TLD! (Plus a Quick Hive Loans Development Status Update)

in #hive28 days ago

The overhead 30% is kept incase they try to go malicious and mess with the loan.. So yes, you can borrow up to 70% of the HP into liquid HIVE.. but if the one loaning tries to do something shady, then the account will be completely locked from the user and the 30% remaining will be taken as a penalty, going to the site / HLSHARE holders. It seems a bit overkill, but is meant as a large deterrent.